Monday, May 23, 2011

JNJ - New Position

A new CSP position was established today on Johnson and Johnson (JNJ). All prices include IB commissions.

Dividend Champions StatusChampion
Years of Consecutive Dividend Increases49
Fair Value Estimate$75.00
Target Buy Price$60.00
Target Margin of Safety20.00%
Actual Buy Price$60.00
Actual Margin of Safety20.00%

DateStockDescriptionTransactionStatusStock InvestmentIncome Generated
5/23/2011JNJCSP Margin UsedCSP 100 JNJ @ 60.00 ($6,000.00) 
5/23/2011JNJInitial Put OptionSTO 1 Oct11 60.00 Put @ 1.34  $133.98

Position Summary

Cost Basis($6,000.00)
Income Generated$133.98
Percent Income Generated2.23%
Annualized Income Generated5.40%
Net Profit If Assigned$633.98
Percent Return If Assigned10.57%
Annualized Return If Assigned25.54%
Days Held to Expiration151 days